Salik Company PJSC, Dubai’s exclusive toll gate operator, reported strong results for the first nine months of 2025, with total revenue rising 38.6 per cent year-on-year to AED2.28 billion and net profit up 39.1 per cent to AED1.14 billion. EBITDA grew 42 per cent to AED1.58 billion, reflecting a healthy margin of 69.6 per cent.
The company said performance was supported by continued economic growth in Dubai, the introduction of two new gates in November 2024, and the full rollout of variable pricing from January 2025. Total chargeable trips rose to 470.5 million, while overall trips increased 38.3 per cent to 628.4 million.
HE Mattar Al Tayer, Chairman of Salik, said the results reflected the strength of Dubai’s economy and Salik’s scalable business model. “Salik delivered strong top-line momentum, achieving a 39 per cent year-on-year increase in total revenue, supported by continued growth in traffic volumes and the early benefits of variable pricing,” he said.
CEO Ibrahim Sultan Al Haddad said the company’s strategy continued to deliver solid growth. “Total trips increased by approximately 38 per cent year-on-year and toll usage fees rose by around 42 per cent, underpinned by Dubai’s strong economic fundamentals and sustained tourism inflows,” he said. “Our core tolling business continues to perform exceptionally well, complemented by steady progress in diversifying our revenue streams.”
Ancillary revenues reached AED14.5 million, rising 8 per cent in the third quarter, driven by partnerships with Emaar Malls, Parkonic and Liva Group. Salik also announced a new collaboration with Schneider Electric and Vcharge to integrate its e-wallet system with electric vehicle charging networks, creating what it described as a “seamless EV charging journey.”
Salik’s balance sheet remained strong, with net debt standing at AED5.34 billion at the end of September and leverage at 2.61 times EBITDA, well below its covenant limit. Free cash flow rose 39.5 per cent year-on-year to AED1.47 billion, maintaining a margin of 64.7 per cent.
The company reaffirmed its full-year 2025 guidance, expecting total revenue growth of 34–36 per cent and an EBITDA margin between 68.5 per cent and 69.5 per cent.
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